CBSE Class 11 Accountancy Syllabus 2026-27

Introduction

Class 11 Accountancy under CBSE introduces students to the principles, processes, and practices of financial record-keeping that underpin all business and commercial activity. The 2026-27 syllabus builds from the most fundamental concepts of accounting through to financial statements, accounting for special transactions, and computerised accounting, giving students both theoretical understanding and practical computational skills.

This page presents the complete CBSE Class 11 Accountancy syllabus for 2026-27, with unit-wise and chapter-wise breakdowns, exam pattern, marking scheme, recommended books, and targeted preparation strategies for every Commerce student aiming for excellence in their board examination.

Quick Facts

Exam Pattern

Part A: Financial Accounting I

Part A forms the conceptual and procedural foundation of the entire Accountancy curriculum. It covers the theoretical framework of accounting, the double-entry system, and the complete accounting cycle from source documents to trial balance and bank reconciliation.

Unit 1: Theoretical Framework

•      Introduction to Accounting: Meaning, Objectives, Advantages, and Limitations

•      Users of Accounting Information and their Needs

•      Basic Accounting Terms: Assets, Liabilities, Capital, Revenue, Expense, Profit, Loss, Drawings

•      Accounting Principles: Concepts and Conventions

•      GAAP: Generally Accepted Accounting Principles

•      Basis of Accounting: Cash Basis vs Accrual Basis

•      Accounting Standards and IFRS: Meaning and Importance

Unit 2: Accounting Process

This unit covers the complete step-by-step accounting cycle and is the most practically significant unit in the Class 11 Accountancy syllabus. Students learn to record, classify, and summarise financial transactions through a structured series of interconnected steps.

Chapter 2A: Journal Entries

•      Source Documents and Vouchers

•      Journal: Meaning, Format, and Rules of Debit and Credit (Golden Rules)

•      Simple and Compound Journal Entries

•      Opening Entry and Entries for Various Business Transactions

Chapter 2B: Ledger

•      Ledger: Meaning, Utility, and Format

•      Posting from Journal to Ledger

•      Balancing of Accounts and Types of Balances

Chapter 2C: Trial Balance

•      Trial Balance: Meaning, Objectives, and Methods of Preparation

•      Errors Disclosed and Undisclosed by Trial Balance

Chapter 2D: Bank Reconciliation Statement

•      Bank Reconciliation Statement: Need and Preparation

•      Causes of Difference between Cash Book and Pass Book

•      Preparation of BRS Starting from Debit and Credit Balance

Chapter 2E: Rectification of Errors

•      Types of Errors: Errors of Omission, Commission, Principle, and Compensating Errors

•      Suspense Account and its Preparation

•      Rectification Entries: One-Sided and Two-Sided

•      Effect on Profit after Rectification

Unit 3: Depreciation, Provisions, and Reserves

•      Depreciation: Meaning, Need, and Causes

•      Methods of Depreciation: Straight-Line Method (SLM) and Written Down Value (WDV) Method

•      Change in Method of Depreciation

•      Provisions: Meaning, Need, and Creation

•      Reserves: Revenue Reserve and Capital Reserve

•      Secret Reserve and General Reserve

Unit 4: Bills of Exchange

•      Bill of Exchange: Definition, Features, Parties, and Types

•      Promissory Note: Meaning and Distinction from Bill of Exchange

•      Accounting Treatment: Drawer, Drawee, and Payee

•      Endorsement, Discounting, and Retirement of Bills

•      Dishonour and Renewal of Bills

•      Accommodation Bills

Part B: Financial Accounting II

Part B builds upon the accounting process covered in Part A and moves to the preparation of final accounts for sole proprietorship business entities, along with the accounting treatment for incomplete records.

Unit 5: Financial Statements of Sole Proprietorship

This unit is one of the most marks-intensive units in Class 11 Accountancy and requires students to prepare complete final accounts for a sole trading concern, including all standard adjustments.

•      Trading and Profit and Loss Account: Purpose and Format

•      Balance Sheet: Marshalling of Assets and Liabilities

•      Adjustments: Closing Stock, Outstanding Expenses, Prepaid Expenses

•      Adjustments: Accrued Income, Income Received in Advance, Bad Debts

•      Adjustments: Provision for Bad Debts, Provision for Discount on Debtors

•      Adjustments: Depreciation, Goods Taken for Personal Use, Loss of Goods

•      Preparation of Financial Statements with Multiple Adjustments

Unit 6: Accounts from Incomplete Records

•      Incomplete Records: Meaning, Limitations, and Reasons

•      Statement of Affairs: Preparation and Use

•      Conversion Method: Statement of Profit or Loss

•      Preparation of Trading, P and L Account and Balance Sheet from Incomplete Records

Part C: Computerised Accounting System

Part C introduces students to accounting in a digital environment, covering the conceptual framework of computerised accounting and practical exposure to accounting software.

Unit 7: Computerised Accounting System

•      Computerised Accounting: Meaning, Features, and Benefits over Manual Accounting

•      Components of Computer: Hardware, Software, and Data

•      Types of Accounting Software: Ready-to-Use, Customised, and Tailor-Made

•      Database Concepts for Accounting: Entities, Fields, Records, Tables

•      File Management: File Types in Accounting Applications

•      Introduction to Tally, ERP Software, and Cloud-Based Accounting Tools

Chapter Overview Table

Marking Scheme

Preparation Tips for Class 11 Accountancy

Master the Golden Rules of Accounting from Day One

The foundation of all journal entries and accounting entries rests on the three Golden Rules of Debit and Credit. Before attempting any practical questions, ensure you can instantly recall and correctly apply these rules for Real, Personal, and Nominal accounts. Every journal entry, every ledger posting, and every financial statement flows from this core understanding.

Practise Journal Entries and Ledger Posting Daily

Journal entries and ledger posting are the backbone of the Accountancy syllabus and appear across all sections of the paper. Practise a minimum of 10 to 15 journal entries and their corresponding ledger postings every day. Consistent daily practice is significantly more effective than long but infrequent study sessions.

Learn the Full Accounting Cycle as a Connected Process

Treat the accounting cycle as a single connected workflow: journal entries flow into ledger accounts, ledger accounts are summarised in the trial balance, the trial balance forms the basis for financial statements, and errors are corrected through rectification entries. Understanding these connections rather than learning each step in isolation prevents confusion and speeds up problem-solving.

Give Extra Attention to Financial Statements and Adjustments

Unit 5, covering the financial statements of sole proprietorship with adjustments, is the highest-marks unit in Part B. Each adjustment entry such as closing stock, outstanding expenses, bad debts, and provision for doubtful debts affects both the Trading or Profit and Loss Account and the Balance Sheet. Memorise the double effect of every adjustment type and practise preparing complete final accounts with 8 to 10 adjustments simultaneously.

Solve Past Papers and T.S. Grewal Exercises

T.S. Grewal is the gold-standard reference for Class 11 Accountancy problem-solving. Work through all exercises in the relevant chapters of Double Entry Book Keeping alongside NCERT. Additionally, solve at least 5 years of CBSE previous year papers and current sample papers to familiarise yourself with the question pattern, distribution of marks, and the depth of answer expected.

Frequently Asked Questions

What is the subject code for Accountancy in CBSE Class 11?

The subject code for CBSE Class 11 Accountancy is 055.

How many parts are in the Class 11 Accountancy syllabus?

The syllabus is divided into three parts. Part A covers Financial Accounting I (the accounting process), Part B covers Financial Accounting II (financial statements and incomplete records), and Part C covers Computerised Accounting System as an optional component.

Which chapter carries the most marks in Class 11 Accountancy?

The Accounting Process unit, which includes Journal, Ledger, Trial Balance, Bank Reconciliation Statement, and Rectification of Errors, carries the highest overall weightage at approximately 35 marks in the theory paper. Financial Statements of Sole Proprietorship in Part B is also heavily tested.

Is T.S. Grewal enough for Class 11 Accountancy?

T.S. Grewal's Double Entry Book Keeping is an excellent and comprehensive reference for practising numerical problems. For theoretical questions and conceptual understanding, NCERT should be treated as the primary source. Together, NCERT and T.S. Grewal cover all question types that appear in the CBSE board paper.

What is the project component in Class 11 Accountancy?

The project component carries 20 marks and typically requires students to maintain a complete set of accounting records for a simulated business for a financial period, or to demonstrate computerised accounting using software such as Tally. The project is assessed by the school and includes a viva voce examination.